(a) whether the Government propose to amend the RBI Act to reduce the minimum Cash Reserve Ratio (CRR) and the Statutory Liquidity Ratio (SLR);
(b) if so, the details thereof alongwith the reasons therefore; and
(c) the time by which a final decision is likely to be taken in this regard?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL)
(a), (b) & (c) : The Reserve Bank of India has submitted proposal for amendment to Reserve Bank of India Act, 1934 and Banking Regulation Act, 1949 which, inter-alia, include amendment to provisions relating to the minimum Cash Reserve Ratio (CRR) and the Statutory Liquidity Ratio (SLR). The matter is under examination.